Bahrain's Arcapita sells Yakima to Taiwan's Temflo

MANAMA Jan 4 (Reuters) - Bahrain-based Islamic investment house Arcapita [ARCAB.UL] said on Monday it has sold its U.S. sports gear maker Yakima to Taiwan's Kemflo International, its second private equity exit in the United States in five months.

"It has been bought by one of its suppliers, who is trying to expand vertically," an Arcapita spokesman told Reuters.

The spokesman declined to provide a value for the sale of the company, which it had bought out in 2001 for about $90 million.

Arcapita sold fast-food chain Church's Chicken to U.S. private equity firm Friedman Fleischer & Lowe in August 2009.

It has $8 billion under management according to its 2009 annual report.

(Click on [ID:nISLAMIC] for more Islamic finance stories and ISLAMIC for a speed guide) (Reporting by Frederik Richter, editing by Will Waterman)